Credit Compound

Chase

Chase First Banking

The free kid debit card for families already banking with Chase

7.5
Our Rating
APY
None
Monthly Fee
$0
Minimum to Open
None
ATM Access
Free at 15,000+ Chase ATMs; $3 fee at out-of-network ATMs ($5 international), not reimbursed

Insurance: Chase Bank (JPMorgan Chase, N.A.) is FDIC insured directly; standard $250,000 coverage

Features

  • ▸Parent-managed debit card for kids 6-17, designed especially for ages 6-12
  • ▸Per-category spending limits, e.g. $25 at restaurants, $40 for shopping
  • ▸Allowance scheduling and money requests kids send for parent approval in the app
  • ▸Real-time purchase alerts and parent-set ATM withdrawal limits
  • ▸Up to 5 First Banking accounts per parent
  • ▸No overdraft fees; the card simply declines past available funds
  • ▸Branch access at 4,700+ Chase locations when something needs a human

Pros

  • +Completely free, with the parental controls fintechs charge subscriptions for
  • +Funding and oversight live inside the Chase app parents already use
  • +Branch network for cash deposits and in-person help, which fintechs can't match
  • +Up to 5 kid accounts per parent at no cost

Cons

  • −Requires the parent to hold a qualifying Chase checking account
  • −Pays no interest and has no savings reward of any kind
  • −Only the account-opening parent can fund or manage it; the other parent is locked out
  • −Funding only via transfer from the linked Chase checking account

Our Take

If you already bank with Chase, First Banking is the obvious free answer for a kid's first debit card: real category-level spend controls, allowance automation, and alerts at zero cost, all inside the app you already open daily. The catches are structural. It pays nothing, only one parent can manage it, and you can't even open it without a qualifying Chase checking account. As a teaching tool for ages 6-12 it's excellent; teens with paychecks should graduate to Chase High School Checking or a Step card.

Best for: Existing Chase households introducing kids 6-12 to a first debit card

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Last verified 2026-06-11

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